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Creating a JOC Coefficient?

Job Order Contracting

General / Prime Contractor Overhead. General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. General / Prime Contractor Profit and risk. Payment Bond premium(s) (please note that Payment Bonds are required for task order.

Insurance 233
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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Markups include worker compensation and unemployment per state in which work is performed. Liability insurance based upon local contractor rates is also added as a percentage. Liability insurance based upon local contractor rates is also added as a percentage.

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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The following is a list of items that are generally considered when a contractor is developing a JOC coefficient.

Contract 100
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Estimating- The New Normal

Chianelli Estimating

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. Insurances; Workers compensation, General Liability, Risk. A typical Residential Contractor will insert profit and overhead to their bottom-line. Desk & chairs.

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Job Order Contracting Guide

Job Order Contracting

Labor rates are for direct labor, without overhead and profit, however include fringe benefits and allowances for Social Security and Medicare taxes, worker’s compensation, unemployment insurance and employee benefits. Payroll taxes and workman’s compensation are included in the labor rates.

Contract 100
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Construction Estimating

Chianelli Estimating

Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.

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Hard Cost Estimating of Labor Worksheet

Construction Cost Estimating

Here, the total projected cost is then highlighted with a prearranged factor hence the selling price also includes your overhead and planned profit. This labor rate is known as the burdened cost of labor or your burdened labor rate.